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Home My WebLink About0855 PROYIDED, ALWAYS, that if the Mortgagor shall pay unto the Mortgagee the inJebtidness efidenced by a certaia promis,wry note oi which the tollowinA in words and figures is a true copy to-wit: - ~aZl~r~e ~/{o~t~ ~ S 4~275.00 Fort Pierce. F~~;~„ April 21~ 19~~$. ' FOR VALUE RECEIVEU I~ p~o~nise to pay to the order ot IRVING J. BLOOM AND MOLLY S. BLOOM. HIS WIFE ? . ~ the principal sum of FOUR THOUSAND TWO HUNDRED SEVENTY FIVE ---------NO / 100 pp~~,p~, ~ together with interest thereon from date at the rate o! ten percent, per annum until maturity, both principal and interest being pa~~able in lawfu! money of the United States at 2244 Biscayne Blvd, Miami, Florida. or at such other place u the hdden hereof ' ~ may de~ignate in writing. Principal and interest payable in instaWnents as follows: EIGHTY FIVE ($85.00) DOLLARS per month beginning on the 15th day of June, 1978, and continuing on the 15th day of each and every month thereafter until paid infull. I This nae saY be prepaid ia ~vhok or in part at aw~ tia~e upon paYmeot of a peealtY equal to ei~t peroeat of the prineipal suw prepaid. F~eh uutaUmeat pa~ment shall be credited Cust on the interest due~ and d~e rc~oaiader on prineip~l; and iwtenst ~hall thera~poa eease ~pow ~ the principal so erediled. ~ 71~e maken and rndoaers ot this note Wrth~r a~er to +raire daaaad, aotiee ot non-parmeat and protat, and in the eva~t wil shalf be brou~t f~x Ihe cdlertia~ hereo(, ~!he aame Iw to be edlected upon demand ot an attomer. ~ wr n••~a~•i~a~r'~ (ees tar makin~ wch eoUeetioa ~ Dcierrcd paTments hereunder rhaN bear iaterest at the nte ot ten percenl per aanum irow msturitr unW paid. pe ~ This note » ~etured by a morlp~e oi eren date herevrith sad is to re eoestwed and eafo~ed seeardin` to the la~rs o[ the Stste of Rarida; upn ~ Jeiaull irt the parsent ot principal aad/or interest Mrhen due, the whde wuu of ~rioe4al and intereH ranainin~ uap~id ~h~ll~ at tAe option o[ Ihe ~ hdder.~. ben,me immedu~ely due and paYable. ~ . - . , I . ~ . ; . . (SEAL)- - 1 ` Prepared by Stanley N. Spieler, Altorney- 2240 BiscaYne &rd., Niami Rorida (SEAL) and sha11 pertorm, comply with and abide by each and every the stipulations, agreements, conditions and covenants of saia promiaury nute aud uf this dt~d, ihen ihi~ deed aad thc csiatr thereby created stsa!! cesse and !~e nu!! and void_ i ~ I 1. The Mortgagor hereby covenants and agrees: i ; (a? To pa)' all and singulu thr principal and intrtr~i and uthrr sum~ of monry pa~ablr by virture of ~aid promiswr~ rK~te and this deed. j o~ rithrr, promptly un the days respectivrl~• Ihe v+mr srverallp brcumes due. ` (b1 To prrmit, cummit or wffer rKi ~reste and [o maintain the improv~mrnu at all times in a state of gooJ repair and cundition, and to do ~ or permit tu Ae done to s~id prcmises nothing that will alter or change the ux and chuacter vf said property or in any w'ay impair or ~ weaken thr security of this mortgage. .!?nJ in casr.~f the refusal, nrglect or inahilit~• of thr Atc~rtgagor to rcpair and maintain xaid property. ~ thr ~lortgagen may, at his oplion, make such repairs or cause thr same to be made, and advancr moneys in that brhalf. ~ (r) To pay all and singular the taxes. assrssmrnts, Irvies, liabilities, and obligations of r~•ery nature on saiJ deuribed ptoperty each and e rvrry ~hen due and payable according to I3K', before the~~ becomr drliyurnt, and to deliver to the \tortga6ee on or Aefore March 1 Sth ot ~ rach ~rar tax receipts ~vidrncing the paymrnt of all lawfully imposrd taxes f~ir the precrding calendar }-ear; tu inJemnify the Mortgagee ; upon his demand fur all taxes, assessments ~nd charges thal may br assefsed upon this mortgage on the indeAtrdnrss ucuted hereby, and paid by the mortgagee. x~ithout regard to any -law herctofore enactrd or hereafter to be enacted imposin6 payment ot the whole or any ~ part thernof upon the Nortgagre. ~ (J) fo pay all and singular thr cucts, chatgr~ and rxpenses, including lawyers' fee~ and ahstract .usts reasunablr incutted or paid at any ~ timr bp the ~fortgagre becausr nf thr failure un the part of thr ~furtg~gor to perturm, .ti~mpty vcith and ahide by each and e~~ery Ihe ~ stipulatiuns, agrcaments. cunditiurts and_covnnants of said promiswry note and this drrd, ot rither, anJ rvrry such payment shall bear ~ intrrest from datr at the rate of trn (~0 %c) per crntum prr a~num. ~ (e) It is further convenantrA and agrcrd by said partirs that in the e~•ent o( a suit bring institutrJ tu forcclose this mortgage, 1he Nort- ~ gagee shall be entiUrd to apply at any time prnJing such foteclo~urr suit to thr court having jurisJiction theteof for the appointment of a recei~~er uf all and singulat the mortgaged property, and of atl rrnts, incomei, profits, issues and revenues thrreot, irom whatsotver ~ wurcr detived: and thereupon it it heteby expressly conrtnantral and agreeJ that the Court shr0 forthwith appi~int such receivet with the ~ usual po~+ers and duties of recei~rrs in likr casts; and said app~intmrnt shall be made by the court as a matter of strict right to the Mort- ~ gagee, and without rrtercnrr to the aJryuacy or inadeyuacy of the ~'alue of the proprrty hercby mnrtgaged, or to the wlrency or inwl- ~ ~ency ~~f the Mortgagors m any nther party defendant to such suit. The ~lortgagor hrreb~ sprcifically waires the right lo object to the appuintmeM of a recri~•rr as aforrsaid and hrreby eaprreslp cunsrnts that such appointment shall hr made as an admittrd equity and as a ~ matter uf ahwlute right tu the Mortgagee anJ that the samr may be Sone withuut notice to thr ~tortgagur. ~ _ If) If k~reclo~ure prorredings shuulJ Ar instituled against thr ~roperty coverrd by this morlgage up~>n any other lirn or Naim whether i;~ allegtd to hr suprrH~r or junior to the lirn ot this mortgagr, the ~tortgagee may at his optinn immrdiately~ up~n institution ot such suit or during Ihe pendrncp thrrrnf declare this mortgage and thr indrhlydness securcd herehy due and payable (orthwith anJ may at its option - prnceed lo forecN~se this mortgage. Ig) That tha Mortgagor will keep a0 real and prrv~nal prnprrty nuw or hrrrafter encumberrd by thr lirn uf Ihis morlgage insured as may he reyuired fr~~m timr to timr D~ Iha \tortgagrr against bss of firc, windsturm and other hazards, caiuaNies and mntingencies for such perNrds and f~rr not less than wch amounts a~ may br reyuirrd by the ~torlgagee and to pay promptly when Jue all premiums for such ~ insurancr. Thr art„~unts of insurancr reyuired hy the Mortgagre shall br thr minimum emuunts for M~h~ch said insurance shall Ae wrilten and it shall br incumbent upon thr ~tortgagor ur maintain such aJJitK~nal insurance as may be ~rressary to mtet and cumply fully with aN - co~insurance reyuirements cuntained ir. said policies to the end that the said :lfortgagor is not a cu-insuror thereunder_ Insunnce shall Ee written by a comprny ur cumpanirs approrrd or drxignated by thr \lottgagre and all policirs and renewals thereuf shall be held by the " Nurt a~e. All detailed desi n'rtiun~ h thr ~tort e or N•hich rrc accr teJ h~ the Mort a re rnd all a reements belween Mort a or and ~ B B K > K"B P ) B B R 6 B ~ Murtgagre relaung ~n iosur~ncr, nuw rxi~ting ur hrrraftrr maJe. shall he in wtiting and shall br a part of this mortgage agreement as fully - ac though set furth vrrhat~m hrrein and shall govern M~ih partirs hrreto anJ thric succrswn anJ ascigns. No lien upon any of said policies of insurancr or uEx.n an~ refund ur rcturn prrmium ~+•hich may be payable nn the cancellalN~n or tetminatiun thereof, shall be gi~en lo othrr than Ihe ~1or[gagre, except by proprr rndursemrnt a(f~xrJ to such policy and appruveJ b~ Mortgagee. Each policp of insurance SII;III hOYC a(fiaed thrrrtu a StanJ.ud !Vrw• Yotk ~1url~agre ('lause withuut ContributN~n. making all M~ss or locsses under sucfi policy payaAlt ~u Ihr ~t~~ri~agce ac rt~ ~ntrrr~t mry apprar. In Ihr evrnt any tium ~~r sum~ of m~~ney hrcume payable thereunde~ Ihe Mottgagee ~ shall h~~r the uptiun tu rrirne anJ rpph [hr ~ame un accnunt of the indehteJnesc herrhy xcured, or to prrmit the Mortgagor to te- ~ cei~~r and use rt. ur rny part ~hrrcuf, without th~rrb~~ wai~•ing ur impairin~ any ryu~ly, hen, or right under anJ hy v~rtue of Ihis mort- gagc. In r~rnt nf Intis or phy+ical Jam~e tu thr murtgagrd pruperty thr \t~ut~egur chall gi~~r ~mmrdiate rN~tice thrrtuf by mail to the ~i~~r~gager and 1hr lt~~rtgagrr mr~ make prn~.f ~~f lusti ~f Ihr vmr i~ n~~t ma~1r prumpUy b~ the Mnrtgag~~r. In erent of forecbsure of ~ ~oRK 2~6 ~ 49 ~